Below is a headline summary of our Weekly African Footprint. Please click here for more detailed reports. It includes the following:
Quick summary table displaying the performance of all the African Stock Exchanges and African currencies on a WTD and YTD basis. Summaries of the keys markets and relevant economic and corporate news.
Do not hesitate to contact us should you require further information.
• Egypt's central bank will offer $120 million in regular auction
• Egypt stock exchange head says longer suspension of capital gains tax will spur more investment
• Egypt's pound hits five-week high on black market as businesses cease buying
• Egyptian central bank floats pound
• Tullow Oil issues financing update
• BoG to announce economic capital before minimum capital
• Election blues trouble investors as fiscal deficit increases by 89%
• Average interest on deposits decrease to 12.2%
• Tullow oil says to restart Kenyan exploration and appraisal next month
• Kenya's Equity Bank Group 9-month pretax profit up 18 pct
• Kenya Airways pilots' union withdraws strike notice
• Safaricom's net profit jumps to Sh23 billion
• Kenya Power pre-tax profit slips 1.4 pct in year to June 2016
• Bitter outcome for KQ directors after Awori exit
• Kenya's 2016 GDP growth seen at 5.9 pct, agriculture aids: World Bk
• Kenyan shilling under pressure, seen weakening further
• Kenya's inflation edges up to 6.47 percent yr/yr in Oct
• Kenya tea production likely to jump 3.5 pct in 2017
• Kenya private-sector activity drops to four-month low, PMI shows
• Kenya to raise 2016/17 local borrowing, cut budget deficit
• Mauritian Q3 business confidence index down, hurt by global
• Nigeria's Arik Air to buy mostly Boeing planes to double its fleet
• Oando Posts 26% Growth in Turnover, Reduces Loss to N35.9bn
• Fidelity Bank’s Profit Before Tax Down 28% in Nine Months
• Access Bank to Repay 2017 Eurobond from $300m Debt Raised
• WAPIC Insurance Records Profit of N1.5bn in Nine Months
• FBN Holdings Maintains Stability
• Nigeria spent only half its budget through September, ministry says
• External Reserves Falls to $23.948 Billion
• African Development Bank gives $600 mln to support Nigeria's budget
• EU Commits €712m Grant to Nigeria’s Power Sector
• Nigerian Senate rejects Buhari's plan to borrow $30 billion abroad
• Nigeria’s Manufacturing Index Declines in October
• Nigeria signs agreements to add more than 500 megawatts to national grid
• TBL embarks on solar power to brew beer
• CRDB, TBL shine at Dar bourse
• Tanzania has Africa’s lowest mobile data cost
• Treasury bonds undersubscribed as liquidity crunch hits hard
• Tanzania sees economy expanding at 7.5 pct in 2017
• Tourism seen booming in Zanzibar
• Money supply declines by 4.7 per cent in August
• IMF sees Zambia's 2016 economic growth steady at 3 percent
• CBZ insurance to spread its wings into Sadc
• Econet H1 profit down 37 percent
• Old Mutual trades at a premium on ZSE, return of the implied rate?
• Steward Bank consolidates profitability with tilt to transactional banking
• Afdis targets 30pct growth in ciders
• PPC says H1 earnings to fall 90pct
• Tongaat Hulett bails out Tokwe-Mukosi project
• Afreximbank releases $150m to stabilise nostros
• Zim govt gazettes new procurement law
• Bond notes panic, excessive govt borrowing fuel cash crisis – Moody’s
• Mugabe decrees regulations paving way for bond notes
• Tobacco Growers Up 9 Percent
• Zimbabwe lurches back into crisis as economy deteriorates, IMF rep says
• ZSE grows fastest in October as bond notes loom
• Foreigners ditch Zimbabwe equities in record numbers over currency move